In the beginning, when cloud computing was all about public cloud services, many finance chiefs held back because of their concerns about the safety and security of their valuable and sensitive corporate data. But things change - well, some things.
Putting it in the hands of a third party - outside the firewall, on multi-tenant boxes - emerged as a security risk too far in survey after survey, despite widespread awareness of the cloud's potential to deliver business benefits, cost savings and strategic opportunities.
The cloud has evolved. Public clouds have been joined by private clouds, and hybrid clouds, and other variations on the theme, and use of them is increasing.
However, finance chiefs remain cautious. When a recent Deloitte survey found half of CFOs using cloud computing or planning to within two years, a whopping 89 percent were, perhaps understandably, still citing data security as their main reason for holding back. Meanwhile, uncertainty about the location of data concerned just 44 percent, and legal issues 40 percent - and this may need to change.
"This is a complicated area," says Alistair Maughan, a partner at the international law firm Morrison Foerster.
The explosion in cloud computing has increased use of third party service providers, and some of them in turn use other third party providers to host and backup data, so its physical location can be hard to pin down (a problem), as can the legislation that applies to it and the jurisdictions in which this can apply (another problem).
"Generally speaking, the law that's applicable is the law of the country where the data controller is located," says Maughan; but there are some exceptions (yet another problem).
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Source: news.idg.no
By: Leslie Meall
Putting it in the hands of a third party - outside the firewall, on multi-tenant boxes - emerged as a security risk too far in survey after survey, despite widespread awareness of the cloud's potential to deliver business benefits, cost savings and strategic opportunities.
The cloud has evolved. Public clouds have been joined by private clouds, and hybrid clouds, and other variations on the theme, and use of them is increasing.
However, finance chiefs remain cautious. When a recent Deloitte survey found half of CFOs using cloud computing or planning to within two years, a whopping 89 percent were, perhaps understandably, still citing data security as their main reason for holding back. Meanwhile, uncertainty about the location of data concerned just 44 percent, and legal issues 40 percent - and this may need to change.
"This is a complicated area," says Alistair Maughan, a partner at the international law firm Morrison Foerster.
The explosion in cloud computing has increased use of third party service providers, and some of them in turn use other third party providers to host and backup data, so its physical location can be hard to pin down (a problem), as can the legislation that applies to it and the jurisdictions in which this can apply (another problem).
"Generally speaking, the law that's applicable is the law of the country where the data controller is located," says Maughan; but there are some exceptions (yet another problem).
To Continue Reading: Click Here
--------------------------------------
Source: news.idg.no
By: Leslie Meall
1 comments:
It's excellent to be able to see them all according to your research in this way, Julie. I don't think there is one perfect answer yet, but one day maybe!
this is all new information to me, thank you!,My pleasure, Melissa! Have fun playing around with them. :),Thanks for spotlighting and clarifying this point, Adrienne. :)
I can't wait to play around with Symbaloo some more--just not for the purposes I originally tried it.
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